The purchases ledger control account showed a credit balance of N525 000 on April 30,
FINANCIAL
JAMB 2007
The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006. This amount shows?
- A. what the debtor of a business enterprise owed the business
- B. the total amount which each debtor owed the business
- C. what a business enterprise owed its creditors
- D. the amount whicih a business enterprise owed creditor
Correct Answer: C. what a business enterprise owed its creditors
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